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Saudi Arabia Oil and Gas Headlines

JGC Wins Major EPC Contract for Manifa Central Processing Facilities, Package 2 in Saudi Arabia
7/3/2008 - JGC Corporation and its subsidiary JGC Arabia Ltd. have been awarded by Saudi Arabian Oil Company (Saudi Aramco) the engineering, procurement, construction (EPC) services contract for a large-size Uti...

Saudi Aramco and Sinopec Signed MOU
7/2/2008 - Saudi Aramco and China Petrochemical Corporation (Sinopec Group) met in Dhahran to sign a Memorandum of Understanding (MOU) in a mutual effort to deepen the existing cooperation between the two compan...

Saudi Aramco and Total create the Jubail Refining and Petrochemical Company
6/22/2008 - The Saudi Arabian Oil Company (Saudi Aramco) and Total signed the Shareholders Agreement and other core agreements for the establishment of their joint venture, the Jubail Refining and Petrochemical ...

Natco Technologies to be Used in the Manifa Arabian Heavy Crude Programme
5/21/2008 - Natco Group announced that it will provide equipment and technology to Foster Wheeler for the Saudi Aramco Manifa Arabian Heavy Crude Programme, in the Kingdom of Saudi Arabia. The development of the ...

Saudi Aramco and ConocoPhillips Confirm Yanbu Export Refinery Project
5/16/2008 - The Saudi Arabian Oil Company (Saudi Aramco) and ConocoPhillips announced they have approved continued funding for the development of the Yanbu Export Refinery Project. The Saudi Aramco and ConocoPhil...

Saudi Aramco and Total confirm Jubail Refinery Project
5/14/2008 - The Saudi Arabian Oil Company (Saudi Aramco) and Total have both confirmed their decision to invest in a 400,000 barrel per day world-class, full-conversion refinery in Jubail, Saudi Arabia. The refin...

The Linde Group acquires a majority interest in the industrial gases company SIGAS (Saudi Arabia)
5/13/2008 - The Linde Group has acquired 51 percent of the shares in the family-owned industrial gases company SIGAS (Saudi Industrial Gas Co. ltd.). Terms of the transaction were not disclosed. Closing of the ac...

Halliburton Awarded Contract to Develop Manifa Offshore Project
4/21/2008 - Halliburton has been selected to provide a variety of oilfield services in support of the offshore portion of Saudi Aramco's Manifa mega-project. The Manifa project has a production target of 900 MBCD...

Sabic Reports First Quarter 2008 Results
4/20/2008 - Saudi Basic Industries Corporation (SABIC), reported first quarter 2008 (1Q08) profits of 6.92 billion Saudi Riyals, compared with 6.28 billion Saudi Riyals for the same period in 2007, an increase of...

MESC developed special testing facilities for safer cables
4/10/2008 - The boost demand for high-end quality cables is changing the international perception of cables manufacturers worldwide as well as in the Middle East. Such a growth is bringing both challenges and opp...

Parker Drilling Announces Sale of Interest in Saudi Arabian Joint Venture
4/9/2008 - Parker Drilling Company announced that a subsidiary has executed an agreement to sell its 50 percent interest in its Saudi Arabian joint venture, Al-Rushaid Parker Drilling Company Ltd. to an affiliat...

Sipchem Realizes 232 Million Saudi Riyals in Net Profits for the First Quarter of 2008
4/9/2008 - Saudi International Petrochemical Company (Sipchem) announced the preliminary financial results for the first quarter of 2008. During this period, Sipchem realized SR 232 million in net profits or 54....

Hercules Offshore Announced Three-Year Contracts for Hercules 300 and Hercules 261 in Saudi Arabia
3/20/2008 - Hercules Offshore announced it has signed contracts to provide Saudi Aramco with two jackup drilling rigs for three-year terms plus one-year fixed price options at the same rate. The Hercules 300 and ...

SAMREF Deal a First for ASC
3/19/2008 - Aramco Services Co. (ASC) and Saudi Aramco Mobil Refinery Co. Ltd. (SAMREF) entered into an agreement for ASC to provide SAMREF with procurement and logistics (P&L) services for materials marketed in ...

Sea Island No. 4 Back Online
3/19/2008 - Sea Island No. 4 is back in service after the completion of three significant capital projects and a scheduled Test and Inspection (T&I), the Terminal Department has announced. “The quality and safety...

New VLCC Hits the Seas
3/12/2008 - Vela International Marine Limited’s Al-Butain Star, the first of six Very Large Crude Carriers (VLCCs) ordered from Daewoo Shipbuilding and Marine Engineering, entered service Feb. 22 after a naming c...

Global Industries Awarded Two Middle East Contracts Totaling $35 Million
3/11/2008 - Global Industries announced that two of its subsidiaries have received contract awards worth a total of approximately $35 million. One contract calls for the transportation and installation of seven j...

Rowan Obtains Three-Year Drilling Contract Offshore Saudi Arabia
2/21/2008 - Rowan Companies announced that its Tarzan Class jack-up, Bob Keller, has been awarded a term drilling contract for work offshore Saudi Arabia. The contract provides for a three-year term, over which t...

Yansab Reports SAR 94.4 Million Net Pre-Operating Profits
1/20/2008 - Sabic affiliate, the Yanbu National Petrochemical Company (Yansab) reported net pre-operating profits of SAR 94.4 million for the first fiscal year beginning February 11, 2006 and ending December 31, ...

Sipchem Realizes SR 594 million in annual net profits of 20% growth by the close of 2007
1/19/2008 - Saudi International Petrochemical Company (Sipchem) announced its preliminary financial results for the fiscal year ending on 31st. of December 2007. During this period, Sipchem realized SR 594 millio...


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